Investment lessons you should teach to your children

Investment is something that believed to be a topic of discussion only for adults. Children have nothing to do with investment and savings. But personally I believe that there are many things to learn for our children from our experience.

There are few points I am going to mention that will help your kids to learn the importance of saving money and value of money.

1.         Value of waiting for better option : I have noticed that kids these days are very impatient and not willing to wait for anything. Like in investment, sometimes we need to wait for the right time to come for withdrawal, we need to teach our children that they need to wait for the right time to buy a better toy from different shop or wait for the toy to be available in store rather than buying anything available right now.

2.         Save small money to buy big things : If your kid wants to buy an expensive thing like a game or toy, you should teach your kids to save money for it. Ask them to use you as a bank to save their money. Give them a time frame as a target. Promise them that if he/she will not be able to achieve the target, that is fine. You will pay the rest of the amount for appreciating their efforts.

3.         Teach them how they can earn things by doing some work : If your kid want something which is important for him or her, teach them how to earn. Ask them to help you with some of your work you do at home. Start with small things like cleaning toy box. Or help you organize his/her room. You can try helping hand in gardening or anything as small as brushing teeth every morning.

4.         Collecting coins in piggy bank : Tell your kid that you are ready to pay 10/- in exchange of 7/- of coins. Ask them to collect all the change money earn some returns on it.

The practices I have mentioned above will help you and your kids not only for saving money but also help you to build strong relationship. It will teach them to be patient and wait for better opportunities. It will teach them to earn something in exchange of efforts.

Make sure these practices should target efforts but not the end result. If you will target result it may demoralize your kid. They should know that it is important to try rather than to achieve. It is important to participate than to win.

Stay Healthy & Happy investing.

For all your investment needs, call WealthMaster.in Team @ +91-9810582989 or email at wealthmaster.in@gmail.com

Disclaimers:

The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company.

Insurance is the subject matter of solicitation.

Mutual Funds investments are subject to market risks. Please read the offer documents carefully before investing.

Please let us know in the comment box, how you feel about our blogs.